Making benefit transfers work: Deriving and testing principles for value transfers for similar and dissimilar sites using a case study of the non-market benefits of water quality improvements across Europe

Bateman, I. J., Brouwer, R., Ferrini, S., Schaafsma, M., Barton, D. N., Dubgaard, A., Hasler, B., Hime, S., Liekens, I., Navrud, S., De Nocker, L., Ščeponavičiūtė, R. and Semėnienė, D. (2011) Making benefit transfers work: Deriving and testing principles for value transfers for similar and dissimilar sites using a case study of the non-market benefits of water quality improvements across Europe. Environmental and Resource Economics, 50 (3). pp. 365-387. ISSN 0924-6460

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Abstract

We implement a controlled, multi-site experiment to develop and test guidance principles for benefits transfers. These argue that when transferring across relatively similar sites, simple mean value transfers are to be preferred but that when sites are relatively dissimilar then value function transfers will yield lower errors. The paper also provides guidance on the appropriate specification of transferable value functions arguing that these should be developed from theoretical rather than ad-hoc statistical approaches. These principles are tested via a common format valuation study of water quality improvements across five countries. While this provides an idealised tested, results support the above principles and suggest directions for future transfer studies.

Item Type:	Article
Faculty \ School:	Faculty of Science > School of Environmental Sciences Faculty of Medicine and Health Sciences > Norwich Medical School
UEA Research Groups:	Faculty of Science > Research Centres > Centre for Social and Economic Research on the Global Environment (CSERGE) Faculty of Science > Research Groups > Resources, Sustainability and Governance (former - to 2018) Faculty of Social Sciences > Research Centres > Centre for Behavioural and Experimental Social Sciences Faculty of Science > Research Groups > Environmental Social Sciences Faculty of Science > Research Groups > Collaborative Centre for Sustainable Use of the Seas
Depositing User:	Users 2731 not found.
Date Deposited:	19 Nov 2011 21:09
Last Modified:	24 Sep 2024 08:59
URI:	https://ueaeprints.uea.ac.uk/id/eprint/35480
DOI:	10.1007/s10640-011-9476-8

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